Is this estimate a quote?

No. It is a math calculation based on the numbers you type in. It is not an offer, quote, approval or commitment, and no financing provider has reviewed anything at this point.

What rate should I enter?

That is your choice. We do not publish or suggest available rates because rates depend on the provider, the equipment and your business profile. Many people try a few values to see the range of outcomes.

What equipment costs and terms can I enter?

You can type any exact equipment cost from $10,000 up to $10,000,000, any interest rate you want to test, and any loan length from 12 to 84 months. Nothing is rounded to fixed increments.

What is not included in the calculation?

Taxes, documentation fees, filing costs, insurance, freight, installation and any structure-specific items such as a residual or advance payments are all excluded.

Why does the payment change so much with the term?

A longer term spreads the same principal over more payments, which lowers each payment but usually increases the total finance cost. The calculator shows both figures so you can compare.

Equipment Loan Calculator | EquipmentLoan.com

Equipment cost

$10,000 to $10,000,000

Down payment

Enter 0 if you are not putting money down.

Interest rate

You choose this rate. We do not publish or imply available rates.

Length of loan

12 to 84 months

Common loan lengths

Estimated monthly payment

$2,835

Illustrative only — not an offer, quote or approval.

Equipment cost: $150,000
Down payment: $15,000
Loan amount: $135,000
Rate and term: 9.5% · 60 mo
Total of payments: $170,115
Total finance cost: $35,115

Check My Options

Payment figures on this site are illustrative estimates generated from the values you enter. They are not offers, quotes, approvals or commitments, and they do not include taxes, fees, documentation costs or any provider-specific terms. Actual terms are determined by the financing provider.

The assumptions behind the math

The calculator uses a standard amortization formula. It takes your equipment cost, subtracts your down payment to get the loan amount, then spreads that amount across the number of months you choose at the annual rate you enter, compounded monthly.

That is all it does. It has no knowledge of any financing program, provider pricing, credit profile or fee schedule, and it does not communicate with any provider.

Equipment cost accepts any exact amount from $10,000 to $10,000,000.
Loan length accepts any term from 12 to 84 months.
Loan amount = equipment cost minus your down payment.
The rate you enter is your own assumption, not a rate available to you.
Taxes, fees, filing costs, insurance and soft costs are excluded.
Structures with a residual, balloon or advance payments will not match this output.
Total finance cost is shown so a longer term does not look free.

Payment figures on this site are illustrative estimates generated from the values you enter. They are not offers, quotes, approvals or commitments, and they do not include taxes, fees, documentation costs or any provider-specific terms. Actual terms are determined by the financing provider.

Calculator questions

Estimates are useful. Real options are better.

Start a pre-qualification request and a representative will review your equipment and business details, then explain what may actually be available.

Check My Options Talk to a person

Phone: 888-629-3416 · Submitting a pre-qualification request is not an application decision and is not an approval, offer or commitment to lend. All financing is subject to review and approval by the applicable financing provider.

Last updated September 5, 2026 · Reviewed and published by Ai Loan Brokerage LLC, operating as EquipmentLoan.com (Loan Broker).